Mold Removal Cost And Risk In Cape May County, NJ
A typical professional mold job in Cape May County runs about $1,500 to $5,950 before rebuild, using the Atlantic City-Hammonton, NJ price level. Below are the 16 ZIP code neighborhoods, the age of the homes, FEMA's water hazard ratings and New Jersey rules.
1980Median year homes were built
50%Homes built before 1980
21%Homes rented, not owned
$395,000Median home value
99,625Housing units
95,236People
Half the homes in Cape May County were built before 1980, and 50 percent went up before 1980. Older plumbing, roofs and window seals are where slow leaks start, and slow leaks are the mold most home policies leave out. About 21 percent of homes in Cape May County are rented, so most households here carry an owner's policy on the building itself.
Housing age swings by neighborhood. ZIP 08246 has the oldest homes here, a median year of 1938, and ZIP 08243 the newest, 1991.
Typical Prices In Cape May County
| Job | Size | National Range | Cape May County Estimate |
|---|---|---|---|
| Mold Remediation | a typical professional job | $1,500 to $6,000 | $1,500 to $5,950 |
| Mold Remediation | an attic | $2,000 to $7,500 | $2,000 to $7,400 |
| Mold Inspection and Testing | a visual inspection | $200 to $600 | $200 to $600 |
| Mold Inspection and Testing | an inspection with samples | $300 to $1,000 | $300 to $1,000 |
| Mold Inspection and Testing | a clearance test | $300 to $800 | $300 to $800 |
The standard limited fungi endorsement caps mold at $5,000. Against a typical job here of up to $5,950, that cap falls short by about $950 at the top of that range. Read the form
Water Hazards FEMA Rates Here
FEMA rates Cape May County high for coastal flooding, winter weather. Water from these events is where mold claims start, and flood water is a separate policy. FloodSmart says mold damage is not covered under standard NFIP flood policies. FloodSmart
| Hazard | FEMA Risk Rating |
|---|---|
| Inland flooding | Relatively Moderate |
| Coastal flooding | Very High |
| Hurricane | Relatively Moderate |
| Cold wave | Relatively Low |
| Winter weather | Relatively High |
ZIP Code Neighborhoods In Cape May County
| ZIP | Area | Median Year Built | Built Before 1980 | Median Home Value |
|---|---|---|---|---|
| 08202 | Avalon | 1987 | 35% | $1,566,700 |
| 08204 | Cape May County | 1975 | 61% | $399,200 |
| 08210 | Cape May County | 1985 | 43% | $337,700 |
| 08212 | Cape May Point | 1966 | 58% | $987,200 |
| 08223 | Cape May County | 1979 | 52% | $353,400 |
| 08226 | Ocean City | 1983 | 44% | $719,100 |
| 08230 | Cape May County | 1986 | 31% | $406,900 |
| 08242 | Rio Grande | 1989 | 40% | $306,200 |
| 08243 | Sea Isle City | 1991 | 23% | $1,019,500 |
| 08245 | South Dennis | Not published | 0% | Not published |
| 08246 | South Seaville | 1938 | 100% | Not published |
| 08247 | Cape May County | 1978 | 52% | $1,773,800 |
| 08248 | Strathmere | 1952 | 73% | $934,000 |
| 08251 | Villas | 1966 | 74% | $275,800 |
| 08260 | Cape May County | 1973 | 57% | $441,300 |
| 08270 | Cape May County | 1977 | 55% | $298,800 |
Cities And Towns
New Jersey Rules On Mold
New Jersey Mold And Insurance Rules
- New Jersey asks insurers to offer mold coverage of $10,000, with higher limits of $25,000 and $50,000 available. NJ DOBI Bulletin 02-14
- Mold liability coverage in New Jersey should apply up to at least $50,000. NJ DOBI Bulletin 02-14
- Licensing. New Jersey has no rules for mold inspections, and mold inspectors do not need a license or certification. After a flood, cleaning and mold removal, NJ Department of Health
- New Jersey's health guide says a homeowner can often clean mold areas under 10 square feet. Mold Guidelines for New Jersey Residents
All New Jersey Mold And Insurance Rules lines
New Jersey Department of Banking and Insurance
- New Jersey Bulletin 02-14 says mold property coverage should be offered at 10,000 dollars a year, with 25,000 and 50,000 dollar options. Bulletin No. 02-14 Mold/Fungus Exclusion Guidelines
- The same bulletin says mold liability coverage should apply up to at least 50,000 dollars, with up to 100,000 dollars on request. Bulletin No. 02-14 Mold/Fungus Exclusion Guidelines